11th August 2018
OUTCOME OF THE BOARD MEETING
Pursuant to Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you the Board of Directors in its meeting held on 16 May 2018 has approved:
1. Un-audited Financial Results for the Quarter ended 30 June 2018.
2. Appointment of M/s Ashwani & Associates (Firm registration no. 000497N), Chartered Accountants, Ludhiana, as Statutory Auditors of the Company on the recommendation of Audit and Risk Management Committee.
Pursuant to the Section 139 and other applicable provisions as may be applicable of Companies Act, 2013, M/s SCV & Co. LLP, existing Statutory Auditors of the Company will retire as Statutory Auditors at the conclusion of the ensuing 31st Annual General Meeting of the Company.
M/s Ashwani & Associates (Firm registration no. 000497N), Chartered Accountants, Ludhiana, appointed as the Statutory Auditors of the Company for a period of five years at the conclusion of the ensuing 31st Annual General Meeting, subject to the approval of the members.
M/s Ashwani & Associates, Chartered Accountants, was established in 1978 having head office at Ludhiana with three branches in India and have nine partners. The firm has rich experience of 40 years in providing multidisciplinary services in areas such as Audit & Assurance, Tax and Management Consultancy to various Indian and Foreign Corporations. M/s Ashwani & Associates is an independent member of Geneva Group International (GGI). GGI is a global network of professional, independent accounting, consulting and law firms.
3. Date for the 31st Annual General Meeting of the Company on Saturday, 29 September 2018 at 11 AM the registered office of the Company at Trident Complex, Raikot Road, Barnala.
Kindly note that the meeting of Board of Directors commenced at 12:00 noon and concluded at 04:35 p.m.